Accounting and Review Sample Clauses

Accounting and Review. OPERATOR shall submit a letter certified as accurate by its Chief Financial Officer to the TOWN not later than thirty days (30) days after the end of the OPERATOR’s preceding fiscal quarter with a certification of the gross sales for said quarter. Within forty-five (45) days after the end of OPERATOR’s fiscal year, OPERATOR shall submit a certified statement of the gross sales by quarter for the subject fiscal year, as certified by OPERATOR’s outside Public Accountant. OPERATOR shall maintain its books, financial records and other compilations of data pertinent to the requirements of this Agreement in conformance with generally accepted accounting principles and the regulations or guidelines of the CCC. All records shall be retained for a period of at least seven (7) years. Records and images may be stored electronically and need not be maintained as hard copies or in original form. So long as this Agreement is in effect and for a period of three (3) years thereafter, the TOWN shall have the right to examine those portion(s) of OPERATOR’s books and financial records which relate to determination of the sum of the Payments. Examinations may be made upon not less than thirty (30) days prior written notice from the TOWN and shall occur only during normal business hours at such place where said books and financial records are maintained. The TOWN’s examination as aforesaid, shall be conducted in such manner as to not interfere with OPERATOR’s normal business activities. In the event that the Parties disagree to the accuracy of the certification of the OPERATOR’s quarterly sales, the TOWN may conduct an examination of such sales at the expense of the TOWN. If, after such examination and recomputation, an additional fee or payment is owed to the TOWN, the OPERATOR shall reimburse the TOWN for the reasonable cost of the examination, such an amount not to exceed the recomputation reimbursement.
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Accounting and Review. OPERATOR shall submit a letter from a licensed Certified Public Accountant (CPA) to the TOWN not later than thirty days (30) days after the end of the OPERATOR’s preceding fiscal quarter with a certification of the gross sales for said quarter. OPERATOR shall maintain its books, financial records and other compilations of data pertinent to the requirements of this Agreement in accordance with standard accounting practices and the regulations or guidelines of the CCC. All records shall be retained for a period of at least seven (7) years. So long as this Agreement is in effect and for a period of three (3) years thereafter, the TOWN shall have the right to examine those portion(s) of OPERATOR’s books and financial records which relate to determination of the sum of the Payments. Examinations may be made upon not less than thirty (30) days prior written notice from the TOWN and shall occur only during normal business hours at such place where said books and financial records are maintained. The TOWN’s examination as aforesaid, shall be conducted in such manner as to not interfere with OPERATOR’s normal business activities. In the Event that the Parties disagree to the accuracy of the certification of the OPERATOR’s quarterly sales, the TOWN may conduct an examination of such sales at the expense of the TOWN. If, after such examination and recomputation, an additional fee or payment is owed to the TOWN, the OPERATOR shall reimburse the TOWN for the cost of the examination.
Accounting and Review. The Company shall submit financial records to the Municipality not later than January 1 of each calendar year, with a certification of the gross sales for said year. Company shall submit to the Municipality copies of any additional financial records that it is required to submit to the CCC. Company shall maintain its books, financial records and other compilations of data pertinent to the requirements of this Agreement in accordance with standard accounting practices and the regulations or guidelines of the CCC. All records shall be retained for a period of at least seven (7) years. So long as this Agreement is in effect and for a period of three (3) years thereafter, the Municipality shall have the right to examine, audit and copy those portion(s) of Company’s books and financial records which relate to determination of the sum of the Payments. Examinations may be made upon not less than thirty (30) days prior written notice from the Municipality and shall occur only during normal business hours at such place where said books and financial records are maintained. The Municipality’s examination, copying or audit, as aforesaid, shall be conducted in such manner as to not interfere with Company’s normal business activities. In the Event that the Parties disagree to the accuracy of the certification of the Company’s annual sales, the Municipality may conduct an audit of such sales at the expense of the Company. If, after such audit and recomputation, an additional fee or payment is owed to the Municipality, a penalty of ten percent (10%) or five thousand dollars ($5,000), whichever is greater, will be added to the amount due.
Accounting and Review. The Company shall submit a letter from a licensed Certified Public Accountant (CPA) to the Municipality not later than the first day of the fourteenth (14th) month with a certification of the gross sales for said period. Company shall submit to the Municipality copies of any additional financial records that it is required to submit to the CCC, if requested by the Municipality. Company shall maintain its books, financial records and other compilations of data pertinent to the requirements of this Agreement in accordance with standard accounting practices and the regulations or guidelines of the CCC. All records shall be retained for a period of at least seven (7) years. So long as this Agreement is in effect and for a period of three (3) years thereafter, the Municipality shall have the right to examine those portion(s) of Company’s books and financial records which relate to determination of the sum of the Payments. Examinations may be made upon not less than thirty (30) days prior written notice from the Municipality and shall occur only during normal business hours at such place where said books and financial records are maintained. The Municipality’s examination as aforesaid, shall be conducted in such manner as to not interfere with Company’s normal business activities. In the event that the Parties disagree to the accuracy of the certification of the Company’s annual sales, the Municipality may conduct an examination of such sales at the expense of the Municipality. If, after such examination and recomputation, an additional fee or payment is owed to the Municipality, the Company shall reimburse the Municipality for the cost of the examination. Additionally, if said recomputation results an in error of greater that 5% in reported gross sales a penalty of ten percent (10%) or five thousand dollars ($5,000), whichever is greater, will be added to the amount due.

Related to Accounting and Review

  • Accounting and Records The books and records of the Company shall be made and maintained, and the financial position and the results of its operations recorded, at the expense of the Company, in accordance with such method of accounting as is determined by the Managing Member. The books and records of the Company shall reflect all Company transactions and shall be made and maintained in a manner that is appropriate and adequate for the Company’s business.

  • Accounting and Recording (1) The Warrant Agent shall promptly account to the Corporation with respect to Warrants exercised, and shall promptly forward to the Corporation (or into an account or accounts of the Corporation with the bank or trust company designated by the Corporation for that purpose), all monies received by the Warrant Agent on the subscription of Warrant Shares through the exercise of Warrants. All such monies and any securities or other instruments, from time to time received by the Warrant Agent, shall be received in trust for, and shall be segregated and kept apart by the Warrant Agent, the Warrantholders and the Corporation as their interests may appear

  • Accounting and Reports (a) The Fund shall adopt for tax accounting purposes any accounting method that the Board of Managers shall decide in its sole discretion is in the best interests of the Fund. The Fund's accounts shall be maintained in U.S. currency.

  • Accounting and Reporting I. The Agent shall establish separate accounts for the trust assets, the assets obtained as a result of managing and utilizing the trust assets, its own assets, and other trust assets.

  • Accounting and Audit 5.2.1 The Contractor shall maintain and keep accurate Project records (which mean all tangible records, documents, computer printouts, electronic information, books, plans, drawings, specifications, accounts or other information) relating to the Work for a period of seven (7) years from the date of Substantial Performance of the Work. The Contractor shall maintain the original Project records in its office in Ontario until all claims (which means any claim, demand, liability, damage, loss, cost, expense, suit, action or cause of action) have been settled as required by requirements of law.

  • Accounting and Fiscal Year Subject to Code Section 448, the books of the Partnership shall be kept on such method of accounting for tax and financial reporting purposes as may be determined by the General Partner. The fiscal year of the Partnership shall end on December 31 of each year, or on such other date permitted under the Code as the General Partner shall determine.

  • Monitoring and Review 5.1 The Council and the BID Company shall set up the Standard Services Review Panel within 28 days from the date of this Agreement the purpose of which shall be to:

  • Accounting and Tax Matters The General Partner shall keep proper and usual books and records pertaining to the Partnership’s business in accordance with generally accepted accounting principles. The books and records and all files of the Partnership shall be kept at its principal office. The General Partner shall prepare and furnish to the Limited Partners promptly after the close of each fiscal year an unaudited statement, certified by the General Partner, showing the operations of the Partnership for such fiscal year, including a balance sheet and statement of income or loss and changes in financial position for such fiscal year, the balance of each Limited Partner’s Capital Account, the unpaid balance due under all obligations of the Partnership and all other information reasonably requested by any Partner. The Limited Partners, and the authorized agents thereof, shall have the right at all reasonable times to audit, examine and make copies or extracts from the Partnership books of account. Federal, state and local income tax returns of the Partnership shall be prepared and timely filed by the General Partner. Copies of the tax returns shall be furnished to the Limited Partners prior to filing thereof. The General Partner is hereby designated the tax matters partner of the Partnership.

  • Accounting and Financial Reporting 6.1. The Bank shall maintain separate records and ledger accounts in respect of the Contributions deposited in the Trust Fund account and disbursements made therefrom.

  • Reporting and Monitoring Please provide a brief description of the mechanisms proposed for this project for reporting to the UNDP and partners, including a reporting schedule.

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